Search ..  

Wall Street Journal: China’s President Xi Jinping Personally Scuttled Jack Ma’s Ant IPO

Fri November, 2020, Age: 2 years

Chinese Communist Party General Secretary Xi Jinping personally halted what would have been a record breaking IPO for the Ant Group.  The move came after Ant CEO Jack Ma reportedly infuriated officials by criticizing the tight regulations on the financial market and regulators in China. Xi has recently displayed a low tolerance for large rich companies that question authority. After hearing of Ma’s comments, which were made at an event in Shanghai on October 24, Xi ordered an investigation into the IPO, all but shutting it down. 

FOLLOW

Subscribe

Stealth War Follow

Stealth War is designed to inform and educate policy makers and the broader community about China’s unrestricted aggression against the United States

ChinaStealthWar
chinastealthwar Stealth War @chinastealthwar ·
10 Jan

Huawei "sales and profits stabilize after more than 3 years of US sanctions"- Asia Times
https://asiatimes.com/2022/11/huaweis-industrial-5g-takes-off/

Twitter 1612636404080689153
chinastealthwar Stealth War @chinastealthwar ·
15 Sep

Globally, China's campaign to influence global media is intensifying https://www.voanews.com/a/china-s-global-media-influence-campaign-growing-says-freedom-house-/6736696.html

Twitter 1570517821548814337
Purchase